The company reported standalone net profit during the quarter stood at Rs 2.31 crore compared to net loss of Rs 2.59 crore in the previous year quarter.
Net revenue of the company declined substantially by 78.00 per cent at Rs 5.40 crore in January-March quarter of this fiscal as against Rs 24.54 crore in the corresponding period last year.
During January-March quarter, operating expenses dropped by 76.42 per cent to Rs 5.76 crore from Rs 24.43 crore in year ago period.
Other Income grew by 665.22 per cent at Rs 3.52 crore versus (Mar'24 Rs 0.46 crore).
Operating Profit slipped by 427.27 per cent to Rs -0.36 crore as against Rs 0.11 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 1582.22 per cent in March quarter.
Interest grew by 0.00 per cent y-o-y to Rs 0.09 crore, while Taxation decreased by 84.51 per cent at Rs 0.44 crore (Mar'24 Rs 2.84 crore).